One of the more fascinating aspects of what brainwave entrainment does, long-term, is the growing of your mental threshold, and your self-awareness.  I have been a participant of the Holosync Solution for several years, and its maker, Bill Harris, has gone to great lengths to explain why this technology does this.  Much of his research is based on the concept of Entropy and Open Systems, (an idea that nominated its discoverer for a nobel prize).  The brain being an open system, and the technology being a specific type of entropy, this technology has been shown to help the brain reorganize itself at a “higher level” through the growth of new neural pathways. This basically means that 
Other entrainment methods sometimes used include autopan modulation that moves sound in an 180º arc to create a desired tone. Harmonic box entrainment, invented by James Mann, uses a layering of binaural and monaural tones that alternate between ears, requiring headphones. Sound modulation and filtering, amplitude modulation, and pitch panning use diverse sounds to create rhythmic pulses matched to the desired brainwave frequency. 
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Lucid dreaming: A lucid dream is considered a dream that a person is aware of and often able to consciously manipulate.  Many have alleged that using brainwave entrainment technology makes it easier to experience a lucid dream.  Scientists have studied this phenomenon and noticed that beta frequencies within the range of 13 to 19 Hz tend to be generated to keep the person conscious.  Additionally there is significant increased activity in the parietal lobes of the brain, which allows an individual to stay conscious.
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One of the most fascinating and beneficial things about Delta brainwaves is their ability to stimulate the release of anti-aging hormones in the body, such as HGH (human growth hormone). Increased melatonin levels are also common in this state, and regular visits to Delta have also been shown to decrease cortisol levels. (Cortisol is a hormone that is released during stressful situations, that has been linked with the aging process.) In a nutshell, Delta brainwaves are very healthy, and until now have only been accessible to us during deep sleep.
Neural oscillations are rhythmic or repetitive electrochemical activity in the brain and central nervous system. Such oscillations can be characterized by their frequency, amplitude and phase. Neural tissue can generate oscillatory activity driven by mechanisms within individual neurons, as well as by interactions between them. They may also adjust frequency to synchronize with the periodic vibration of external acoustic or visual stimuli.[3]
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